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Mantra’s OM Breaks Records at $9.17 – Is a $10 Target Within Reach?
In a stunning turn of events, Mantra’s OM has broken all previous records by surging to an unprecedented level of $9.17. The question on everyone’s mind is whether this incredible momentum will propel OM beyond the coveted $10 mark.
To put this remarkable 8,592% gain into perspective, OM has defied gravity since February 1st, with its value multiplying a staggering 86 times. Moreover, when compared to other prominent cryptocurrencies like Bitcoin and Ethereum, OM’s rise is nothing short of phenomenal.
The cryptocurrency market is in awe as OM pushes the limits, breaking out of a bullish flag that could potentially lead to a target of $10. As shown on an accompanying tweet by @ali_charts, OM’s price action has broken new ground.
But what does this mean for investors? Can we expect OM to continue its astonishing growth and reach or even surpass the coveted $10 mark?
To gain insight into these questions, let us examine the Fibonacci levels. It is noteworthy that November’s rally set key extension levels at $5.31, $6.58, and $7.84. Notably, each of these resistance points subsequently became support. If this trend continues, we may see new targets emerging at $11.16 and $11.94.
However, momentum indicators are exhibiting mixed signals. The RSI has yet to form a bearish divergence, but it does struggle to match the price’s upward trajectory. This is juxtaposed with the OBV, which remains steadfast in its display of strong buying pressure.
Source: https://cryptonewsland.com/mantras-om-breaks-records/
